New Zealand on Track for Budget Surplus in 2015

WELLINGTON, New Zealand—New Zealand delivered a budget that confirmed the government's aim to curb its debt and achieve a surplus within two years as it builds on economic momentum.

"The budget confirms the government is on track to meet its two key fiscal targets—to get back to surplus by 2014-15 and to bring net core Crown debt back to no higher than 20% of [gross domestic product] by 2020," Finance Minister Bill English...